Resolution Foundation says real wages will fall next year as UK is ‘in weakest decade for pay growth since 1930s’
Boris Johnson’s government has set a course for a “high-tax, big-state economy” with a budget that will raise household tax bills by £3,000 on average by 2027, according to an analysis by an independent thinktank.
The Resolution Foundation said that despite a spending spree, real wages would fall again next year. The UK is “still in the midst of its weakest decade for pay growth since the 1930s,” it said.
